Summary of Key Points Group 1: 52-Week Highs - A total of 45 stocks reached their 52-week highs as of October 23, with notable performers including Base Champion Group (08460) at 234.56%, Tianjin Chuangye Environmental Protection Co., Ltd. (01065) at 136.88%, and Liji Engineering Holdings (01690) at 80.26% [1] - The closing prices and peak prices for the top three stocks are as follows: Base Champion Group closed at 0.250 with a peak of 0.455, Tianjin Chuangye at 4.880 with a peak of 10.020, and Liji Engineering at 0.105 with a peak of 0.137 [1] Group 2: 52-Week Lows - The report also highlighted stocks that reached their 52-week lows, with Huaxi Holdings (01689) showing a decline of 16.67%, China New Economy Equity (02958) down by 14.17%, and Agile Holdings (00186) down by 13.16% [2] - The closing prices and lowest prices for the top three declining stocks are: Huaxi Holdings at 0.400 with a low of 0.350, China New Economy at 0.123 with a low of 0.103, and Agile Holdings at 0.165 with a low of 0.165 [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Qunabox Group Limited 趣致集團 （於開曼群島註冊成立的有限公司） （股份代號：0917） 自願性公告 董事及一致行動人士之自願禁售 本公告乃由趣致集團（「本公司」，連同其附屬公司，統稱「本集團」）自願作出。 本公司董事（「董事」）會（「董事會」）欣然宣佈，於2025年10月23日，其接獲董事 長兼執行董事殷珏輝女士（「殷女士」）以及執行董事曹理文先生、執行董事黃愛華 先生、本集團首席財務官殷珏蓮女士、吳文洪先生及錢俊先生（統稱「禁售股東」） 作出之自願承諾。禁售股東自願承諾，於2025年10月23日至2026年10月22日之 12個月期間，彼等將不會出售彼等直接持有或透過彼等控制之信託或法團間接持 有之任何103,161,396股本公司股份（「股份」）。禁售股東作出自願承諾以表明彼等 對本集團長期價值及發展前景之堅定信心。禁售股東亦確認，自2024年5月27日 （即本公司於香港聯合 ...

Group 1 - The core point of the news is that Zheng Zhigang, a prominent entrepreneur from Hong Kong, has been appointed as the Chairman of the Board for Crisp Momentum Inc., a U.S. short video content production and distribution company, after resigning from his positions at New World Development [1][2]. - Zheng Zhigang has acquired approximately 24% equity in Crisp Momentum Inc. through his wholly-owned ALMAD Group [1]. - Zheng's resignation from New World Development was to allocate more time for public service and personal matters, highlighting his shift in focus towards new ventures [2]. Group 2 - Crisp Momentum Inc. is building a platform that connects global creators with audiences, emphasizing the significance of mobile video as a powerful narrative medium [3]. - With Zheng's vision and investment, Crisp Momentum Inc. is poised to expand its brand scale and enhance mobile-first entertainment experiences for millions of users worldwide [3]. - Zheng believes that short video content is reshaping interactions with culture, information, and entertainment, and he sees potential for Crisp Momentum Inc. to become a global industry leader [3].

| 截至月份: | 2025年9月30日 | | | | 狀態: 新提交 | | --- | --- | --- | --- | --- | --- | | 致：香港交易及結算所有限公司 | | | | | | | 公司名稱: | 趣致集團 | | | | | | 呈交日期: | 2025年10月8日 | | | | | | I. 法定/註冊股本變動 | | | | | | | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | 於香港聯交所上市 (註1) | 是 | | 證券代號 (如上市) | 00917 | 說明 | | | | | | 法定/註冊股份數目 | 面值 | | 法定/註冊股本 | | | --- | --- | --- | --- | --- | --- | | 上月底結存 | 5,000,000,000 | USD | 0.00001 | USD | 50,000 | | 增加 / 減少 (-) | 0 | | | USD | 0 | | 本月底結存 | 5,000,000,000 | USD | 0.00001 | USD | 50,000 | 本月底法定/註冊股本總額： USD ...

Market Performance - The Hang Seng Index increased by 1.35% while the Hang Seng Tech Index rose by 1.31% [1] - The Hong Kong Stock Connect ETF (159318) saw a gain of 0.7% [1] Sector Performance - The biotechnology and capital markets sectors experienced the highest gains [1] Individual Stock Movements - Notable gainers included: - Sanhua Intelligent Control up by 7.88% - CITIC Securities up by 7.22% - GF Securities up by 6.64% - Huatai Securities up by 6.46% - Sands China Ltd. up by 5.66% - Zhaojin Mining up by 4.91% - China Galaxy Securities up by 4.67% - China Merchants Securities up by 4.47% - CATL up by 4.43% - Guotai Junan up by 4.25% - SenseTime up by 4.2% - Alibaba Health up by 4.19% [1] - Decliners included: - Qutoutiao down by 5.94% - Jihong Co. down by 9.73% [1] - Significant gainers included: - Ruipu Lanjun up by 17.97% - Tianneng Power up by 14.55% [1]

Core Insights - The annual "99 Fun Festival" organized by Quzi Group focuses on AI marketing and integrates social responsibility through the "Quzi Public Welfare" interactive area in collaboration with Tencent Charity [1][3][7] Group 1: AI Marketing and Public Welfare - The "Quzi Public Welfare" area utilizes AI interactive terminals to combine gamified experiences with charitable participation, allowing participants to support the "Dreaming of Rural Children" project through their interactions [3][9] - Each successful interaction triggers a directed donation and generates a personalized electronic charity certificate, promoting lightweight participation in philanthropy [3][9] Group 2: Community Engagement - The "Love Notes" interactive wall attracted many participants, allowing them to write encouraging messages for rural children, fostering a sense of connection and support [5][9] - The initiative aims to integrate philanthropy into daily life, making it easier for users to engage in charitable actions through technology [7] Group 3: Long-term Commitment to Education - Quzi Group has been committed to educational support since 2019, investing over 5 million yuan and providing AI training to over 300 students to enhance their digital literacy and employability [9] Group 4: Sustainability Practices - The "99 Fun Festival" emphasizes sustainability, using recyclable materials for the ESG area and equipping AI terminals with low-power chips, achieving over 40% energy savings compared to traditional devices [11] - The modular design of the equipment facilitates maintenance and upgrades, significantly extending its lifespan and reducing electronic waste [11] Group 5: Social Value and Technological Innovation - The festival showcases how AI can transform marketing while also connecting social values, with Quzi Group integrating "goodness" and "green" into user experiences [13] - Quzi Group received the "2025 ESG Model Enterprise Award" at the Fourth International Green Zero Carbon Festival for its innovative practices in the ESG field [13]

Core Insights - The event "99 Fun Festival" organized by Quzhi Group in Shanghai showcases its advancements in AI interactive marketing, emphasizing the transition from "AI + Marketing" to "AI + Consumer Scenarios" [1][4] Group 1: AI Interactive Technology - Quzhi Group has upgraded its AI interactive terminals, integrating a self-developed "AI-OMNI multi-modal neural integrated collaborative engine" that enhances user interaction through gesture recognition, environmental data adjustment, and scent release [2][4] - The terminals function as mini AI marketing laboratories, collecting and analyzing user behavior in real-time to optimize brand strategies [2][4] Group 2: Marketing Revenue Growth - The "99 Fun Festival" has become a significant platform for brand collaborative marketing, with participation from numerous new consumer brands, leading to a marketing revenue increase of over 35% year-on-year [4][5] - The high-margin value-added marketing services, including AI customized interactive marketing and data strategies, saw a revenue growth of 63.1% year-on-year, becoming a core growth engine for the company [5] Group 3: Global Expansion and Future Plans - Quzhi Group is piloting an "AI indoor entertainment space" in Dubai, integrating AI interaction and immersive entertainment experiences, marking a step in its "AI + Entertainment" overseas strategy [7] - The company plans to increase investment in AI research and development to expand "AI + Consumer Scenarios" from isolated breakthroughs to comprehensive collaboration for diversified growth [7]

Core Viewpoint - The article discusses the valuation and business practices of Quzhi Group, an AI interactive marketing service provider, highlighting discrepancies between its claimed capabilities and actual operations, as well as the impact of market dynamics on its stock performance [2][3][7]. Financial Performance - Quzhi Group's revenue increased from 502 million yuan in 2021 to 1.34 billion yuan in 2024, with a notable growth rate of 93.14% in 2023 [3][4]. - The company reported net profits of -139 million yuan, -116 million yuan, 137 million yuan, and -166 million yuan from 2021 to 2024, achieving profitability only in 2023 [3][4]. Market Valuation - After its IPO in May 2024, Quzhi Group's stock peaked at 137 HKD per share, leading to a market capitalization of 36.4 billion HKD, significantly higher than its competitor, Youbao Online, which has a market cap of 2.6 billion HKD [4][12]. - As of September 24, 2025, Quzhi Group's stock price fell to 65.55 HKD per share, resulting in a market cap of approximately 17.4 billion HKD, indicating a significant decline from its peak [12]. Business Model and Operations - Quzhi Group operates 7,543 vending machines across 22 cities in China, offering around 1,400 SKUs of fast-moving consumer goods [4][5]. - The company claims to provide innovative marketing solutions through AI-enabled vending machines, but investigations revealed that the machines lack the advertised interactive features [7][8]. Client Relationships and Concerns - There are concerns regarding the overlapping identities of Quzhi Group's major clients and suppliers, which raises potential risks of financial misconduct [9][10]. - Some clients listed by Quzhi Group have been identified as untrustworthy, including a client that is a known defaulter [10]. Stock Market Dynamics - Following its inclusion in the Hang Seng Index, Quzhi Group experienced a surge in stock price, attracting significant ETF investments, but the stock later faced a sharp decline [11][12]. - Observations indicated unusual trading patterns, suggesting possible market manipulation aimed at inflating stock prices [13][14].

Core Viewpoint - The article discusses the significant valuation of Qizhi Group, an AI interactive marketing service provider, which reached a peak market value of HKD 36.4 billion despite its business model being primarily based on vending machines, raising concerns about the disparity between its claims and actual operations [1][5][10]. Financial Performance - Qizhi Group's revenue grew from CNY 502 million in 2021 to CNY 1.34 billion in 2024, with a remarkable growth rate of 93.14% in 2023 [2][3]. - The company reported net profits of CNY 1.37 million in 2023, but overall, it has been in a long-term loss situation, with net losses of CNY 1.39 billion in 2021 and CNY 1.66 billion in 2024 [2][3]. Market Position and Valuation - After its IPO in May 2024, Qizhi Group's stock price peaked at HKD 137 per share, leading to a market capitalization of HKD 36.4 billion, which is significantly higher than its competitor, Youbao Online, valued at HKD 2.6 billion [3][4]. - As of September 24, 2025, Qizhi Group's stock price had dropped to HKD 65.55, resulting in a market cap of approximately HKD 17.4 billion, indicating a significant decline from its peak [10][12]. Business Model and Operations - Qizhi Group operates 7,543 vending machines across 22 cities in China, offering around 1,400 SKUs of fast-moving consumer goods [3][4]. - The company claims to provide innovative marketing solutions through AI-enabled vending machines, but investigations revealed that the machines lack the advertised interactive features [5][6]. Customer and Supplier Relationships - There are concerns regarding Qizhi Group's customer relationships, as some major clients are also suppliers, raising potential conflicts of interest and risks of financial misconduct [7][8]. - A notable client, Guangzhou Chali Group, is listed as a discredited entity, which raises questions about Qizhi Group's financial stability and client reliability [8]. Stock Market Activity - Following its inclusion in the Hang Seng Index, Qizhi Group experienced a surge in stock price, attracting significant ETF investments, with estimates suggesting over HKD 1 billion in net buying [9][10]. - Despite the influx of passive funds, the stock price has seen a dramatic decline, leading to suspicions of market manipulation to inflate prices for profit-taking [10][11].

Group 1 - The core viewpoint of the article highlights the disparity between the actual business operations of Qizhi Group and its promotional claims regarding AI interactive marketing services [1] - Qizhi Group operates 7,543 vending machines, which contribute to a market valuation that once reached HKD 36.4 billion [1] Group 2 - The company claims to provide marketing services for fast-moving consumer goods (FMCG) brands through smart terminals equipped with features like scent diffusion and motion recognition [1] - An on-site investigation revealed that the actual business practices of Qizhi Group differ significantly from its advertised services [1]